Sea Shares Slumped 7% in Morning Trading

Tiger Newspress2022-08-17

Sea shares slumped 7% in morning trading.Sea Ltd. posted a bigger loss than expected and withdrew its 2022 e-commerce forecast, joining other online giants struggling to gauge an increasingly uncertain global economic outlook.

The Singapore-based company posted an adjusted loss before interest, taxes, depreciation and amortization of $506.3 million in the June quarter, surpassing the average projection for $482.3 million. Its net loss more than doubled to over $931 million in the June quarter.

The downbeat result came after Sea cut its full-year e-commerce revenue outlook in May, to a low of $8.5 billion versus $8.9 billion previously. Shoppers emerging from pandemic lockdowns are cutting back on online purchases, shifting toward essentials during a potential recession.

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Comment（22）

Nebhol
·2022-08-18
Ok
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CL777
·2022-08-17
Ok
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2
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- CL777:
  2022-08-21
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- CL777:
  2022-08-19
  Reply
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- Sheryl85:
  ok
  2022-08-19
  Reply
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mel18
·2022-08-17
On watchlist to enter
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来人
·2022-08-17
Up
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Cyberboyz
·2022-08-17
Ok
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3
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WJ77
·2022-08-17
👍
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1
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xuero
·2022-08-17
May drop further before it turns around, propel by the falling momentum
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4
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- cutemiao:
  Sad
  2022-08-17
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- SKHan:
  Ya
  2022-08-17
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DarrenTayCW
·2022-08-17
ok
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2
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SPOT_ON
·2022-08-17
Ok
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1
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Black83black
·2022-08-17
Lousy
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- sunflower19:
  ok
  2022-08-17
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- Black83black:
  Hi
  2022-08-17
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OddEyeCircle
·2022-08-17
Wow good luck
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1
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Goldenblue
·2022-08-17
Ok
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1
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Poisonz
·2022-08-17
Wow
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1
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calbee_lwh
·2022-08-17
Swee
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1
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- calbee_lwh:
  K
  2022-08-17
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Rabbit63
·2022-08-17
Pls like
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3
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- cutemiao:
  Done
  2022-08-17
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我发大财了
·2022-08-17
Sad
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5
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- 我发大财了:
  For them
  2022-08-17
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dzgunners95
·2022-08-17
Nice
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5
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LuckyPiggie
·2022-08-17
$Grab Holdings(GRAB)$ 哥哥 , 怎麼辦 ? SEA 哥哥又拉屎了 [lovely]
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抱歉，当前请求异常(-1)

7x24

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